Aqua Metals Stock Forecast

On Tuesday, Aqua Metals stock price gained an impressive 5.93%
(Updated on Apr 23, 2024)

AQMS Signals & Forecast

There are mixed signals in the stock today. The Aqua Metals stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.534. On a fall, the stock will find some support from the short-term average at $0.509. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 5.93%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Aqua Metals stock

Aqua Metals finds support from accumulated volume at $0.513 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0483 between high and low, or 9.88%. For the last week the stock has had daily average volatility of 7.58%.

Our recommended stop-loss: $0.498 (-3.82%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (AQMS) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Aqua Metals to open at $0.515, and during the day (based on 14 day Average True Range), to move between $0.473 and $0.563, which gives a possible trading interval of +/-$0.0455 (+/-8.78%) up or down from last closing price. If Aqua Metals takes out the full calculated possible swing range there will be an estimated 17.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.523 (0.97%) than the support at $0.513 (0.97%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Aqua Metals stock A Buy?

Aqua Metals holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.104 Hold/Accumulate Upgraded

Predicted Opening Price for Aqua Metals of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.